Bankruptcy, Insolvency and Restructuring
Facing insolvency or bankruptcy is incredibly stressful. Especially when you have a business to run. And if it is your family business the upset is even worse.
Insolvency in a time sensitive issue. The longer you leave payment, the more serious the consequences can be. As such, if you or your business is struggling with debt, it is vital you take immediate action.
Our insolvency solicitors can help you with;
- Avoiding insolvency if you are in financial trouble
- Negotiating repayment plans with your creditors
- Protecting your family assets if a family member becomes insolvent
- Bankruptcy
- Corporate insolvency
- Statutory demands
- Annulment of bankruptcy
- Individual Voluntary Arrangements (IVA)
- Company Voluntary Agreements (CVA)
- Insolvency disputes (including Directors Guarantees)
- Debt management
- Financial crisis management
- Liquidation
- Receivership
The difference between insolvency and bankruptcy
Insolvency is your financial state. When you are insolvent, you are not able to pay your debts when they are due.
Individuals or businesses can become insolvent. However, the term most often refers to businesses.
There are two types of insolvency. A business can become insolvent in one or both ways at the same time.
- Cashflow insolvency: Is when your business does not have enough liquid capital to debts. But it does have illiquid assets.
- Balance sheet insolvency: Is when your company’s debts are greater than both its liquid and illiquid assets.
Insolvency can happen quickly. All it could take is the loss of a big contract, or customers failing to pay their debts.
Bankruptcy is a legal process or court order issued when a business can no longer pay its debts. This means you are already insolvent when applying for bankruptcy.
Bankruptcy may or may not the best solution for you, so it is important to seek legal advice.
Can you help keep my debt private?
We understand how sensitive debt and insolvency is. Especially for those who own businesses and people in the public eye.
When we negotiate with your creditors, we can make sure any settlement includes a confidentiality agreement. This will help to keep your debts private.
Why choose Rothera Bray?
If you are struggling to pay down your debts, we understand that it will be an emotionally tough time.
Our insolvency and bankruptcy solicitors can offer compassionate advice and provide a solution tailored to your circumstances.
We have vast experience of helping business owners and individuals with their debt, insolvency, and bankruptcy issues.
We can offer help, support and guidance on your legal position and the possible consequences of becoming bankrupt or insolvent
Send us a message

“At what can be a stressful time, our expert team will help you find the clarity you need.”
Ruth Ball
Managing Associate and Head of Insolvency
stars
Posted 23 December 2025
I purchased my first home with an ex-partner and needed to get an equity transfer completed. The situation was very messy and chaotic involving Help to Buy. Lucy and Karen were beyond helpful in explaining everything and dealing with Help to Buy when they were being not very helpful and slow. I feel that the whole drama would be ongoing without their expertise and help. Thank you.
Kirk
stars
Posted 23 December 2025
We enjoyed exceptionally good service from Rothera Bray. Jackie Murphy who handled our conveyancing was outstanding. She is highly professional and dealt with enquiries promptly, often on the same day! Her communication was very good and we always felt well informed. I'd have no hesitation in calling on Rothera Bray again.
Mr Page
stars
Posted 23 December 2025
A brilliant experience from start to finish. A fallen through chain and a few complications on the way, but the service provided was fantastic. Rothera Bray were clear and helpful at all times. Would highly recommend to anyone.
Amy O'Neill
stars
Posted 22 December 2025
I can highly recommend George Cokkinos at Rothera Bray for advice on a settlement agreement. George took the time to fully understand my situation before giving clear and appropriate advice. He was transparent on fees, kept me updated throughout and handled correspondence with my former employer efficiently. The outcome was positive and the process felt well managed from start to finish.
Anonymous
stars
Posted 22 December 2025
I saw Julie about re doing my will. I found her very caring thoughtful and understanding. She really put me at ease and helped with suggestions.
Patricia Wood
stars
Posted 19 December 2025
From the outset, my experience working with Rothera Bray, and in particular, Lauren, has been outstanding. I was navigating a stressful settlement process and wasn’t sure what to expect, but Lauren took the time to explain everything clearly, set realistic expectations, and guide me step-by-step. Her advice was always proactive and well considered, and I felt fully supported throughout. Lauren’s professionalism, calm approach and attention to detail gave me confidence at every stage, and ultimately helped secure the outcome I was hoping for, one that truly protected my best interests. I would absolutely recommend Rothera Bray. Having someone who is responsive, knowledgeable, and genuinely cares about the result makes all the difference. Lauren made a challenging situation feel manageable, and I’m incredibly grateful for her help.
Employment Law client
stars
Posted 19 December 2025
We have recently completed our house purchase with Rothera Bray. From the outset Sade Love provided us with clear instructions and advice and has been absolutely brilliant throughout. The charges for services are fair and certainly reasonable. I would highly recommend Sade and Rothera Bray as a 5 Star team, professional and friendly. Thank you!
Michael O'Neill
stars
Posted 18 December 2025
Our experience with Rothera Bray has been very positive. Abbey and Luisa were consistently professional, approachable, and supportive at every stage of the process, which made what could have been a stressful situation feel much more manageable. Their communication was timely and transparent, and we always felt reassured that our case was handled with care and expertise. We can highly recommend Rothera Bray, and in particular, Abbey and Luisa.
Lydia
stars
Posted 18 December 2025
I recently used Rothera Bray for the first time. They were so helpful with their amazing services. Thank you so much Sharan Sian and Julian Ryan. I would highly recommend.
Aneth
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Posted 18 December 2025
Having been using Rothera Bray (previously Woolley, Beardsleys and Bosworth) for almost the last 10 years, I can honestly say that it is by far the best solicitors that I have used, in the Loughborough area. Having used them between 25-30 times in that period, not just for house sales and purchases, but for other tasks too, their work on everything has been exceptional, prompt and meticulous. Everything is explained clearly and no question ever feels too silly to ask... I must say a huge thankyou to Suzanne Riozzi, and her PA's over the years, who have been handling everything for me during this time. Her professionalism and dedication to her work, and clients, is second to none, and her time and effort has made the legal landscape for me personally, and for my work, a lot easier to navigate. Suzanne is the reason I have used, and will continue to use, Rothera Bray.
Waleed
stars
Posted 17 December 2025
My call was answered by Tom Barry and he was incredibly conscientious and helpful in giving me initial advice towards settling a dispute I have had with the seller of a pony I purchased, which was misrepresented and mis-sold and has put both myself and that is my young child in danger! I really really appreciate appreciated Tom’s support and knowledge and I’m very thankful.
Victoria
stars
Posted 17 December 2025
Simply the best! Gurpreet was kind considerate took time to listen and I couldn’t have had a better outcome nothing was to much for him always there to help. Extremely knowledgeable would high recommend this company very professional.
Maria

Richard Bates
Partner & Head of Dispute Resolution
Richard Bates leads the Dispute Resolution team at Rothera Bray. Richard is a litigation specialist and can provide a wide range of services to both commercial and private clients.

Caroline Bowler
Partner
Caroline Bowler is a partner in our Dispute Resolution team and an equine law specialist at Rothera Bray, which is the Official Legal Partner to British Dressage and The British Show Pony Society. She works from our Lace Market office and has been described as “one of the best equine lawyers” in the Legal 500.

James Carley
Partner
James is a Partner in the Dispute Resolution department and is very experienced in dealing with commercial and personal litigation matters.

Richard Hammond
Partner & Head of Risk and Compliance
Richard Hammond is a Dispute Resolution specialist and mediator at our Lace Market office in Nottingham. Richard is also a notary public, processing client documents for international use.

Nicky Calthrop-Owen
Consultant
Nicky Calthrop-Owen is an Insolvency and Restructuring Consultant and is based at Rothera Bray’s Nottingham office.

Kendal Litherland
Consultant
Kendal Litherland is a Consultant in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Ruth Ball
Managing Associate & Head of Insolvency
Ruth Ball is a Managing Associate and the Head of Corporate & Individual Insolvency at Rothera Bray and is based at our Lace Market, Nottingham and Market Harborough offices.

Terhi Sygrove
Recoveries Manager
Terhi Sygrove is a debt recovery specialist and head of the debt recovery department at our Lace Market, Nottingham Office.

Jade Belcher
Associate Solicitor
Jade Belcher is an Associate Solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Tom Barry
Solicitor
Tom is a Solicitor in our Dispute Resolution department and is based at our Lace Market office.

Amrita Johal
Solicitor
Amrita Johal is a solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Millie Moreton
Solicitor
Millie Moreton is a Solicitor in Rothera Bray’s Dispute Resolution team and is based at our Lace Market office.

Jayde Pullar
Senior Paralegal
Jayde Pullar is a Senior Paralegal in Rothera Bray’s Dispute Resolution team and is based at our Lace Market, Nottingham office.

Eleanor Kivneen
Paralegal
Eleanor is a Paralegal in our departments for Dispute Resolution for Individuals and Dispute Resolution for Businesses. She is based at our Nottingham Lace Market office.

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